King Copper Discovery Corp. Announces Closing of $15 Million Financing
King Copper Discovery Corp. (OTCQB:TBXXF) has successfully closed a non-brokered private placement offering, raising $15 million through the issuance of 65,217,390 common shares at $0.23 per share.
A strategic investor has acquired a 9.99% ownership stake in the company and secured rights to maintain their ownership percentage in future financings and potentially nominate board members. Company insiders participated by subscribing for 300,000 shares worth $69,000. The proceeds will fund exploration activities, including diamond drilling at the company's flagship Colquemayo copper-gold project.
The shares are subject to a four-month hold period expiring on January 16, 2026. The company paid $111,141 to eligible arm's-length finders, and the private placement awaits final TSX Venture Exchange approval.
King Copper Discovery Corp. (OTCQB:TBXXF) ha chiuso con successo una collocazione privata non brokerata, raccogliendo $15 milioni mediante l’emissione di 65.217.390 azioni ordinarie al prezzo di $0,23 per azione.
Un investitore strategico ha acquisito una partecipazione dell’9,99% della società, con diritti per mantenere la propria percentuale nelle future operazioni di finanziamento e potenzialmente nominare membri del consiglio di amministrazione. Gli insiders della società hanno sottoscritto 300.000 azioni per un valore di $69.000. I proventi serviranno a finanziare attività di esplorazione, inclusa la perforazione con diamanti presso il progetto di rame-oro Colquemayo, in primo piano per l’azienda.
Le azioni sono soggette a un periodo di lock-up di quattro mesi che scadrà il 16 gennaio 2026. L’azienda ha pagato $111.141 a finder idonei non legati a parti correlate, e la collocazione privata attende l’approvazione finale della TSX Venture Exchange.
King Copper Discovery Corp. (OTCQB:TBXXF) ha cerrado con éxito una colocación privada no intermediada, recaudando $15 millones mediante la emisión de 65.217.390 acciones ordinarias a $0,23 por acción.
Un inversor estratégico ha adquirido una participación de 9,99% de la empresa y ha asegurado derechos para mantener su porcentaje en futuras financiaciones y, potencialmente, proponer miembros para la junta. Los insiders de la compañía participaron suscribiendo 300.000 acciones por un valor de $69,000. Los fondos se destinarán a actividades de exploración, incluida la perforación con diamante en el proyecto Colquemayo de cobre-oro.
Las acciones están sujetas a un periodo de retención de cuatro meses que expira el 16 de enero de 2026. La empresa pagó $111,141 a intermediarios elegibles no vinculados, y la colocación privada está a la espera de la aprobación final de la TSX Venture Exchange.
King Copper Discovery Corp. (OTCQB:TBXXF)가 브로커 없는 비공개 모집을 성공적으로 마무리하여 $15백만을 모았고, 주당 $0.23의 가격으로 65,217,390주를 발행했습니다.
전략적 투자자가 회사의 9.99% 지분을 취득했고, 향후 자금조달에서도 지분 비율을 유지할 권리 및 이사회 임명을 제안할 수 있는 권리를 확보했습니다. 회사 내부자들은 $69,000 상당의 300,000주를 구독했습니다. 조달 자금은 탐사 활동에 사용되며, 대표 프로젝트인 Colquemayo 구리-금 프로젝트의 다이아몬드 드릴링이 포함됩니다.
주식은 4개월 간의 매매 금지 기간이 적용되며 2026년 1월 16일에 만료됩니다. 회사는 자격 있는 비계열 파인더에게 $111,141을 지불했고, 비공개 모집은 TSX Venture Exchange의 최종 승인을 기다리고 있습니다.
King Copper Discovery Corp. (OTCQB:TBXXF) a clôturé avec succès une placement privé non intermédié, levant 15 millions de dollars grâce à l’émission de 65 217 390 actions ordinaires à 0,23 $ US par action.
Un investisseur stratégique a acquis une participation de 9,99% dans la société et a obtenu des droits pour maintenir sa part lors de financements futurs et potentiellement nommer des membres du conseil d’administration. Les initiés de l’entreprise ont souscrit pour 300 000 actions d’une valeur de $69 000. Les fonds serviront à financer des activités d’exploration, y compris le forage diamant à l’échelle du projet Colquemayo cuivre-or.
Les actions font l’objet d’une période de blocage de quatre mois qui prendra fin le 16 janvier 2026. L’entreprise a versé $111 141 à des intermédiaires éligibles non liés avec des parties associées, et la placement privé attend l’approbation finale de la TSX Venture Exchange.
King Copper Discovery Corp. (OTCQB:TBXXF) hat erfolgreich eine nicht brokerunterstützte Privatplatzierung abgeschlossen und $15 Millionen durch die Emission von 65.217.390 Stammaktien zum Preis von $0,23 pro Aktie eingenommen.
Ein strategischer Investor erwarb eine Eigentumsbeteiligung von 9,99% und sicherte sich das Recht, seine Beteiligung in zukünftigen Finanzierungen zu halten und potenziell Vorstandsmitglieder zu nominieren. Interne Anteilseigner nahmen durch Zeichnung von 300.000 Aktien im Wert von $69.000 teil. Die Erlöse sollen Explorationsaktivitäten finanzieren, einschließlich Diamantbohrungen im Spitzenprojekt Colquemayo Kupfer-Gold.
Die Aktien unterliegen einer Vier-Monats-Haltefrist, die am 16. Januar 2026 endet. Das Unternehmen zahlte $111.141 an berechtigte unverbundene Finder, und die Privatplatzierung wartet auf die endgültige Genehmigung der TSX Venture Exchange.
King Copper Discovery Corp. (OTCQB:TBXXF) أغلقت بنجاح عرضاً خاصاً غير وسيط، بجمع 15 مليون دولار من خلال إصدار 65,217,390 سهماً عموماً بسعر $0.23 للسهم.
استثمر مستثمر استراتيجي ما يملك 9.99% من الشركة وتأتى له حقوق للحفاظ على حصته في التمويلات المستقبلية وربما ترشيح أعضاء مجلس الإدارة. شارك المسئولين التنفيذيين بإصدار 300,000 سهم بقيمة $69,000. ستُخصص العوائد لتمويل أنشطة الاستكشاف، بما في ذلك الحفر الماسي في مشروع Colquemayo Copper-Gold الرئيسي للشركة.
تخضع الأسهم لفترة قفل مدتها أربعة أشهر تنتهي في 16 يناير 2026. دفعت الشركة $111,141 لسماسرة مؤهلين غير تابعين لأطراف ذات صلة، وتنتظر الصفقة موافقة سوق TSX Venture Exchange النهائية.
King Copper Discovery Corp. (OTCQB:TBXXF) 已成功完成一项非经纪人私募发行，通过发行65,217,390股普通股、价格为每股$0.23，募集了$1500万。需要注意的是这里的金额单位应为美金，文本原本为$15,000,000。
一位战略投资者获得了公司<9.99%的所有权，并获得在未来融资中维持其持股比例的权利，甚至可能提名董事会成员。公司内部人士认购了300,000股，价值$69,000。募集资金将用于勘探活动，包括公司旗舰 Colquemayo 铜金项目的钻探。
股票将有四个月锁定期，直至2026年1月16日到期。公司向符合条件的独立方支付了$111,141，私募正在等待TMX Ventures交易所的最终批准。
- Secured significant funding of $15 million for exploration activities
- Strategic investor acquired 9.99% stake, showing confidence in the company
- Management participation in the offering demonstrates insider confidence
- Proceeds will advance exploration at flagship Colquemayo copper-gold project
- Share dilution from issuance of 65.2 million new shares
- Strategic investor gained significant control rights including board nomination
- Four-month lock-up period may impact short-term trading liquidity
VANCOUVER, British Columbia, Sept. 15, 2025 (GLOBE NEWSWIRE) -- King Copper Discovery Corp. (“King Copper”, or the “Company”; KCP-TSXV, TBXXF-OTCQB, 3RI-FSE) is pleased to announce that it has closed its previously announced non-brokered private placement offering (the “Financing”) for aggregate gross proceeds of approximately
The net proceeds of the Financing will be used to advance exploration, including diamond drilling of the Company’s flagship Colquemayo copper-gold project and for working capital purposes.
A strategic investor (the “Investor”) participated in the Financing and holds approximately
The subscribers in the Financing included a director as well as one corporate subscriber controlled by an officer of the Company (collectively, the “Insiders”), who subscribed for an aggregate of 300,000 Shares for aggregate gross proceeds of
All securities issued in connection with closing of the Financing are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation, expiring on January 16, 2026.
In connection with closing of the Financing, the Company paid
Eventus Capital Corp. acted as an advisor to King Copper.
On Behalf of the Company,
Jonathan Richards, Chief Executive Officer
Website: kingcopperdiscovery.com
Address: #1507 – 1030 West Georgia St, Vancouver, BC V6E 3M5.
For Investor Relations enquiries, please contact +1 604 229 5208 or via info@kingcopperdiscovery.com.
Statements
About King Copper Discovery Corp and Our Projects: King Copper is a TSXV-listed exploration company focused on the Colquemayo gold-copper project in South America. The Company is led by a team responsible for multiple gold-copper-silver discoveries.
Forward Looking Statement: This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements, including the expected use of proceeds from the Financing.
Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the receipt of regulatory approvals, market prices, continued availability of capital and financing, and general economic, market or business conditions, as well as legal, social, and economic conditions in Argentina and Peru, where the Company’s mineral exploration properties are located. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.
FAQ
How much did King Copper Discovery (TBXXF) raise in their September 2025 financing?
What is the purpose of King Copper's $15M financing?
What rights did the strategic investor receive in King Copper (TBXXF)?
When does the hold period expire for King Copper's September 2025 private placement shares?
How much did King Copper insiders invest in the September 2025 private placement?
